Journal Publications

"Cross-border banking in the EU since the crisis: What is driving the great retrenchment?", with Martin Schmitz and Marcel Tirpák, Review of World Economics, 155(2), 287-326, 2019. ECB WP version. Featured in ECB Financial Stability Review, November 2017 and speech by Mario Draghi (2018).

"Leverage cycles, growth shocks, and sudden stops in capital inflows", International Review of Economics & Finance, 2023, forthcoming. Central Bank of Ireland RTP version.

Working Papers

"Financial fragility in open-ended mutual funds: the role of liquidity management tools", with Peter Dunne, Falko Fecht, Raffaele Giuliana, and Oana Peia, SSRN, November 2022.

"The global financial cycle and macroeconomic tail risk", with Johannes Beutel, Norbert Metiu, Esteban Prieto, and Yves Schüler, Bundesbank Discussion Paper, 43/2022. Featured in speech by Sharon Donnery (2020), Financial Times, Adam Tooze Chartbook.

"Automatic for the (tax) people: information sharing and cross-border investment in tax havens", with Agustin Benetrix and Martin Schmitz, Trinity Economics Papers, tep1321, 2021.

Policy Contributions

"Euro area linkages with Russia: latest insights from the balance of payments", with Michael Fidora, Fausto Pastoris, and Martin Schmitz, ECB Economic Bulletin, Issue 7/2022, Box 8.

"Chinese real estate sector liquidity strains – implications for Ireland", with Stephen Doyle, Central Bank of Ireland Financial Stability Review, 2021:II, Box 1, pp. 32-33.

"Foreign financial conditions and downside risks to growth", with Sofia Velasco, Central Bank of Ireland Financial Stability Review, 2021:II, Box 2, pp. 34-35.

"Bank and non-bank financial institutions’ crossborder linkages: New evidence from international banking data", with Neill Killeen and Peter McQuade, Central Bank of Ireland Financial Stability Notes, Vol 2021, No. 3.

"Repricing of risk and EME assets: the behaviour of Irish-domiciled funds during the COVID-19 crisis", with Silvia Calò and Vahagn Galstyan, Central Bank of Ireland Financial Stability Notes, Vol 2020, No. 9.

"Global financial conditions and downside risks to growth: lessons from past shocks", Central Bank of Ireland Financial Stability Review, 2020:I, Box 1, pp. 32-33.

"MNEs and Ireland: A Firm Level Analysis", with Peter McQuade and Caroline Mehigan, Central Bank of Ireland Quarterly Economic Bulletin, Box E, July 2019.

"US profit repatriations and Ireland’s Balance of Payments statistics", with Bernard Kennedy and Peter McQuade, Central Bank of Ireland Quarterly Economic Bulletin, Box B, April 2019.

"Foreign Exchange and External Sector Developments in China", with Peter McQuade, Central Bank of Ireland Quarterly Economic Bulletin Article, pages 101-116, April 2019.

"The rationale for GDP-linked bonds for the euro area", with Valerie Herzberg, Central Bank of Ireland Economic Letters, 10/EL/18, 2018.

"UK cross-border lending to Ireland", Central Bank of Ireland Macrofinancial Review, 2018:I, Box 5, page 45.